According to the study, ‘FINTECH PROFILE: NEOS’ The key partners of NEOS are Aviva Ventures, Munich Re, Hiscox,
Zoopla Property Group, Eos Venture Partners. In 2016, NEOS partnered with Collibra, an
international player in data governance technology. This partnership will allow
for collaborative data governance that helps to integrate business with
information technology. Via this collaboration, clients can expect faster data
management maturity enhancements, fewer data issues and a lower risk exposure.
NEOS
is lead by industry specialists, Earnst Renner, Managing partner, Rob Nocera,
Partner Carla Gregory, Senior Principal and Eric Truntz, Senior Principal
NEOS offers unique data management and consultancy services that have the
potential to enhance various business verticals. With ever changing technological
ecosystem, companies like NEOS have the potential to grow and expand their
operations are various regions both small and large.
NEOS, a financial technology company was established in 2000 providing
proactive business solutions to leading Insurance, Financial Services and
Information Services companies with prime operation in North America, Europe
and Asia – Pacific. NEOS helps to realize full potential of any business by
craftily integrating technology within everyday business requirements. NEOS
focuses on designs and delivers new strategies and solutions to help businesses
to overcome operational, regulatory, and technological challenges.
NEOS offers many signature solutions. These include FutureWeek process
redesign, Business Processing outsourcing flex, program value assurance, Futurefirst
product score card, Data leak accelerator and Data governance accelerator.
Program value assurance is an 8-10 week method to carefully analyze business
initiatives to ensure successful deployment. The business analysis works in a
logical sequence. NEOS helps to identify key issues and shortcoming relating to
finances followed by connecting organizational vision with the final outcome of
the initiative and verifying its relevance using simple metrics. The process further
ensures that no amount is wasted on any technology or action that does not lead
to value addition by conducting comprehensive audits. Employees are much needed
for any organizational success. The willingness to adapt to new initiatives is
where major problem lies. NEOS helps employees to adapt to changes and perceive
the change with an open mind. The final step is to ensure effective
communication amongst all stakeholders. Any miscommunication can lead to high
risk of failure. NEOS takes over the communication of relevant and precise
information to all whom it is intended for.
The major operational zone for NEOS is Insurance Industry. It provides
life insurance, pension and retirement, employee benefits, property and
casualty and annuity oriented technology and financial services. Their
technology modernization service focuses on creating a fast paced dynamic and
holistic technological environment where concepts like outdated are themselves
outdated.
Recently, NEOS launched Internet of Things powered home insurance in
United Kingdom. The home insurance product focuses on sensor technology and
wireless connectivity to diminish home risks for instance fir, water damage,
burglary. The customers are required to install a third party internet
connected sensors that trigger in case of any calamity or issue and sends data
to the user and insurance companies. The users can manage various components of
the sensors and can control some components for instance motion sensors and
smoke detectors via their application.
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
